The Interim Joint Committee on State Government is discussing how horrible Kentucky's retirement plan investment performance has been for the last ten years.
I wish someone would explain to me why we shouldn't open up that investment process to the public rather than keeping it shrouded in secrecy and, I might add, something less than mediocrity.
We could set up a website and let interested citizens vote on investment opportunities and do better than the "professionals" we are paying big bucks to manage our money. Heck, we could feed a couple of monkeys a half dozen bananas and let them throw darts at the Wall Street Journal and get better returns.
Wednesday, August 27, 2008
Another screaming need for transparency
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